Global Lipase Market is an enzyme that helps in the hydrolysis of fats and reduces the formation of glycerol and fatty acids in humans. The global Lipase market size is expected to reach US$ 709.8 Mn. by 2026 from US$ XX Mn. in 2019, at a CAGR of 6.6% during the forecast period.
The report covers the detailed analysis of the global Lipase market with classifications of the market on the source, application, and region. Analysis of past market dynamics from 2016 to 2019 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key player’s contribution in it. The report has profiled ten plus key players in the market from different regions. However, the report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimation the size of the same.
Global Lipase Market Dynamics:
Increasing demand for lipase thanks to the rising consumption of processed dairy products and meat is expected to boost the demand in the global lipase market. They are used in a wide range of applications such as confectionery, animal feed, bakery, dairy, and others.
The increasing health awareness of animals further positively influences global market growth. Lipase plays an important role in the process of digestion by processing ester bonds in triglycerides. It also aids in maintaining pancreatic enzymes to an optimum level and helps in the prevention of diabetes, cholesterol, obesity, and high triglycerides. Lipase offers health and industrial benefits, which has become the largest growing market across the world.
Together with the food & beverages industry, lipases also applications in several industries, such as cosmetics, pharmaceuticals, textile, and leather. Increasing adoption of lipase for the production of house cleaning products and detergents to remove fatty residues is on the rise. Producers are increasingly looking for several lipases such as amylases and proteases to offer products with improved efficiency. Also, with the increasing use of lipase in the field of nanotechnology, electronics, and biology, biosensors technology is observing significant progress.
On the other hand, lack of clarity in the patent protection law is expected to hold back the global market growth during the forecast period.
Global Lipase Market Segmentation:
The microbial lipases segment held the largest market share of XX% in 2020.
Based on the source, the global lipase market has been segmented into animal lipases and microbial lipases. The microbial lipases segment held the largest market share of XX% of the global market in 2020. This is mainly because of the increased demand for microbial lipase production, such as bacteria, yeast, and fungi, due to its catalytic behavior. Detergents, food, textile industries, oil & fat, leather, pulp & paper, cosmetics, and biodiesel production are key microbial applications.
Animal feed segment dominated the market and expected to hold the largest market share of XX% by 2026
By application, the global lipase market is divided into animal feed, bakery, dairy, confectionery, others. The animal feed segment dominated the market and is expected to hold the largest market share of XX% by 2026. Animal feed is rich in fiber, vitamins, and mineral content that are utilized for the regulation of livestock metabolism. An increase in livestock production because of an increase in meat consumption is expected to fuel the lipase demand as useful enzymes. The need for animal nutritional intake combined with the production of high-quality animal products for better meat should boost lipase market growth.
Global Lipase Market Regional Insights:
The report covers the global lipase market presence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The Asia Pacific held the largest market share in 2019 and is expected to continue this trend during the forecast period (2019-2026). This is mainly because encouraging growth in the bakery and processed dairy products are expected to drive the growth of the Asia-Pacific market in the future.
North America is the second-largest revenue contributor in the global lipase market thanks to increasing consumer preference towards lipase. The U.S. being the major revenue contributor in the North America, on account of the factors such as increasing health awareness among people, varying dietary habits, and growing technological advancements in the food & beverage industry.
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Global Lipase Market Competitive Analysis:
To gain a significant market share in the global lipase market, the key players are now aiming to adopt strategies such as product innovations, mergers & acquisitions, recent developments, joint ventures, collaborations, and partnerships. For example, in Sept 2020, Chr. Hansen Holding A/S agreed to acquire all the shares of Jennewein Biotechnologie GmbH. This acquisition is in line with Chr. Hansen’ 2025 Strategy of pursuing acquisitions that strengthen and extend its fermentation and microbial technology platforms.
The objective of the report is to present a comprehensive analysis of the Global Lipase Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Lipase Market dynamics, structure by analyzing the market segments and project the Global Lipase Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Lipase Market make the report investor’s guide.
Scope of Global Lipase Market: Inquire before Buying
Global Lipase Market, By Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in the Global Lipase Market
• Amano Enzymes Inc.
• Novozymes A/S
• Chr. Hansen Holdings A/S
• E. I. du Pont Nemours and Company
• Koninklijke DSM N.V.
• Renco New Zealand
• Clerici-Sacco Group
• Associated British Foods Plc.
• Advanced Enzymes
• Enzyme Development Corporation
• Others
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